Regal Resources Inc. (OTCPK:RGAR.F) announced a non-brokered private placement of up to 3,500,000 units at CAD 0.12 per unit for gross proceeds of up to CAD 420,000 on December 3, 2014. Each unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to purchase one common share at an exercise price of CAD 0.18 per share for a period of two years from the date of the issue subject to accelerated expiry. The securities to be issued in the transaction are subject to a hold period of four months plus one day from closing.

As of December 30, 2014, the company has received CAD 527,000 in this transaction.